Envision Financial LLC acquired a new stake in shares of Global X U.S. Infrastructure Development ETF (BATS:PAVE – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,718 shares of the company’s stock, valued at approximately $554,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Webster Bank N. A. bought a new stake in Global X U.S. Infrastructure Development ETF in the first quarter worth $29,000. Arlington Trust Co LLC bought a new position in Global X U.S. Infrastructure Development ETF during the first quarter valued at $32,000. Elevation Wealth Partners LLC purchased a new stake in shares of Global X U.S. Infrastructure Development ETF in the second quarter valued at $52,000. Sunbelt Securities Inc. raised its stake in shares of Global X U.S. Infrastructure Development ETF by 90.4% in the fourth quarter. Sunbelt Securities Inc. now owns 1,335 shares of the company’s stock valued at $54,000 after acquiring an additional 634 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Global X U.S. Infrastructure Development ETF by 1,359.9% in the first quarter. Larson Financial Group LLC now owns 2,219 shares of the company’s stock valued at $84,000 after acquiring an additional 2,067 shares during the period.
Global X U.S. Infrastructure Development ETF Trading Up 11.5%
Shares of PAVE opened at $46.21 on Thursday. Global X U.S. Infrastructure Development ETF has a twelve month low of $32.65 and a twelve month high of $46.26. The company has a market cap of $9.13 billion, a P/E ratio of 23.34 and a beta of 1.24. The company’s fifty day simple moving average is $46.05 and its 200-day simple moving average is $42.02.
About Global X U.S. Infrastructure Development ETF
The Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.
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